## Hall's Exhibition Foundation ## Snettisham (Registered Charity No. 325128) ## www.hallsfoundation.co.uk ## ANNUAL REPORT ## 2023 1[st ] April 2022 - 31[st ] March 2023 ## Halls Educational Foundation ## Chairmans Report July 2023 My word 2023 has been an eventful year for the Halls Foundation Charity. We have committed to support the village project to refurbish and extend the Snettisham Pavilion for the benefit of all young people. We see the aspirations of the young and their development being enhanced indeed enveloped by physical education and sport in general. An grant of f50,OOO has been promised once issues we have raised have been dealt with to the Trustees satisfaction. Bringing the Pavilion, situated on the village playing field, up to date will provide opportunities for young and mature people to engage together fostering community spirit and village harmony. Our long serving administrator Chris Holt retired this year and we are fortunate to have appointed Hilary Wheal as his successor. Hilary is growing into her new role after making a fine start and we hope Hilary will be with us on our journey for many years to come. This year we have continued our work supporting the students who reside in the village of Snettisham and we have adjusted upwards the grants made available to all qualifying age groups. We have been able to award grants in the last academic year totalling f 85,000 I feel very proud of our work together in maintaining and forwarding the aims and objectives of the Halls Foundation. I feel that by spreading the work load amongst Trustees we have developed a shared ownership of decision making and drive in the work of HEF. I thank all Trustees for the continued commitment to the Charity and the values we all hold dear. Paul Norris Chair Halls Foundation ## List of Governors 2022/2023 Chairman Mr P. Norris Long Cottage, Shernborne, PE31 6RZ Vice Chairman Mr M. Wright 6 Goosander Close, Snettisham PE31 7RF Governors Mr N. Madgett 6 Norton Hill, Snettisham PE31 7LZ Mr I. Devereux Little Acre, Manor Lane, Snettisham PE31 7NH Mr A. Cave 49 The Birches, King's Lynn PE30 3JG Mr M. Howard 25 Manor Lane, Snettisham PE31 7NH Mr E. Langford Lancaster Lodge, Lancaster Place, Snettisham PE31 7NL Mrs M. Ponder Sutton Fields, Bircham Road, Snettisham PE31 7NF Mr P. Sheerin 17 Shernborne Road, Dersingham PE31 6HZ Mr E. Stanton Park Farm Barns, Snettisham PE31 7NQ ## **Administrator** Mrs H. Wheal 8 Railway Road, Downham Market PE38 9EB 07816 078942 hilaryi143@hotmail.com l ## **Guidelines for Prospective Applicants** ## www.hallsfoundation.co.uk The Hall's Exhibition Foundation is a Charity whose aim is to benefit educationally young people between the ages of 11+ and 25 who are resident in the village of Snettisham for at least one year. For the purposes of calculating the upper age of university students, their age will be taken as of the 1[st ] of September in the year of their course. The Foundation's income is made available each year for the provision of qualifying grants, the levels of which are reviewed annually by the Foundation Governors and take into account the actual 'eve! of income being generated along with the number f grant applications being received. As grants are reviewed on an annual basis, they can increase or decrease accordingly, the figures below represent the present levels of grant in the current academic year. The Foundation gives priority to individual applicants, but should money be available, having satisfied the demands of alt individual applicants, then grant requests witl be considered from those local organisations that exist for the benefit/education of such young Individual grants can be made as follows for the academic year 2023/2024: a) To young people of 11+ moving onto secondary education - €350.00 Students at 16+ moving onto Further Education, Apprenticeships or Training Courses for each year of the anticipated two years of study. E500.OO c) Students at 18+ moving onto Higher Education, 1[st ] 2[nd ] 3[rd ] 4[th ] + 5[th ] Year Students. - E2500.00 per year, payable in two parts (Supporting evidence of a formal study offer/placement must be submitted with each grant application and E1250.00 will then be payable at the start of each academic year. The remaining E1250.00 will be payable on completion of each academic year. The grant application form must be stamped and signed by the college to confirm the academic year has been fully completed). Grants are awarded to assist students in their secondary and further education courses. They are in addition to any local authority or state entitlement. HEF Grants are not linked to eny national or local Government education authority policy. It is up to the individual, with input from parent/guardian as appropriate to decided how the grant payment is spent, be it on books, materials, uniform/dress, travel costs or, in the case of university students, accommodation costs. Grants must be returned if any year of the course is not completede ## Specifc items No additional grants will be made for word processors, computers, textbooks or normal travelling expenses. Grants for educational courses or visits will be considered providing claim forms are submitted with details and the financial breakdown of the costs of the course or trip are provided. All grant applications will be reviewed and considered on their individual merit by the Governors. Subject to availability of funds, an additional grant may be considered, in exceptional circumstances, from existing students, Application forms can be downloaded from the website and should be emailed to the Administrator. Please address any queries to the Administrator via email. Mrs Hilary Wheal, HEF Administrator, 8 Railway Road, Downham Market PE38 9EB 07816 078942 ## GRANT LEVELS FOR 2022/23 Each year the individual grants are re-assessed, taking into consideration the income of the Foundation and the anticipated number of students likely to be applying for grants. The grant levels for 2022/2023 were set at the Foundation's Annual Meeting in July 2022 and are as follows; - Students moving from Primary to Secondary education at 11+ €350.00 Payable in the summer term ## Students at 16+ moving onto ## Further Education, Apprenticeships or Training Courses f500.00 for each year of study, Payable from September ## Students at 18+ moving onto Higher Education 1[st] , 2[nd] , 3[rd] , 4[th ] and 5[th ] Year Students f2500.00 per year, payable in two parts University students who have applied for grants will be invited to meet with representatives of the Foundation to discuss their degree options and plans. Supporting evidence of a formal study offer/placement must be submitted with each grant application form and E1250.00 will then be payable at the start of each academic year. The remaining E1250.OO will be payable on completion of each academic year. The grant application form must be formally stamped and signed by the college to confirm the academic year has been fully completed before being sent to the Administrator. Further guidelines and grant application forms can be found on the website. ## www.hallsfoundation.co.uk ## Election of Officers At the Annual Meeting of the Trustees, Mr Paul Norris and Mr Marcus Wright were elected Chairman and Vice-Chairman, respectively. ## Administrator Mrs Hilary Wheal 8 Railway Road Downham Market Norfolk PE38 9EB ## Snettisham Quarry The Snettisham Quarry (formerly Frimstone) site is let to the Mick George Group to extract carrstone from the adjoining Ken Hill Estate and for the storage and resale of building aggregates and recycled materials The radio mast is still in use on our reinstated Quarry land. ## Hall's Exhibition Foundation website For all contact information, history and grant application forms www«hallsfoundation.co.uk Hall's Exhibition Foundation Financial Statements Year ended 31 March 2023 Hall's Exhibition Foundation Financial Statements Year ended 31 March 2023 INDEX Page Nos Trustees, Report Ststernent of Finallcial Activities Balance Sheet Notes to the Balance Sheet Examiners rewrt Hall's Exhibition Foundation Charity Registration Number 325128 Correspondence Addrths: 8 Railway Road. Ik)wttham m￿e( NorfolL PE38 9EB Administrator: H J Wheal The Truthes bave pIt￿U[e in prcs¢nling their Tn￿t￿￿' Report and the financial statemetts of the charity for the yeat ended 31 March 2023. Ststement of trustees. r￿pOnsIbIlItieS Charity law rcquires the Trustffs to prep￿￿ accounts which give a true and fair view of the charity and olits inLome and eX￿ndItUre for the fiDancial yffdr. In doing so the Tnjstees are required to:_ Select suitablc accouDtmg tx)licics alld apply them consistently: Make judgements and estimatss that are rrasonable and prndent; Ststc whether appIl￿ble accounling slandards have followcd, subject to any matenal departures dibcloscd and expl Mdst rent OthL*- UK powLI NeÈwork Other-Mc(augbcty tk)E]ation 66.443 1.682 25.181 41.043 5,(K)O 66,443 1.682 25,181 41.04i 58.665 40 25.181 9.351 Total in0)¥Tri￿ ￿t￿￿r( 139,349 139.349 98237 Resources expende Adminis¢ration Ex AccouTrtanLy f Lranis approved a￿d tAid during year.- IndividuaLs I1￿5 rCpaym¢￿lSj SchoolOOrganisations Professional fees 5.720 620 5.720 620 4.186 700 88.840 70,025 Total restsurws ex￿Ided 95.180 95.180 74.911 Nrt incomin&J re50ur¢es for yedt befoTe other rccogoisal ga1￿(lOsSEs) 44,169 44.169 23J26 Other reeognKsed gain5 Gains1{Lo&%￿,) investment &*seLs (6527) {25.101) (31,628) 128.058 Netmovtxnent in fwHL. for the yc4r 3and4 37,642 (25.101) 12541 151J84 Hall's Exhibition Foundation Balance sheet- 31 March 2023 2023 202? Fixed Assets InV￿lments 1.947,636 1.979264 C¥rTe]rtAssets Bank bal￿￿t Debtors 321.174 266,0(12 I1.￿_3 Current LI#1￿1t1£ {18.635) (18.6351 N￿tA￿ts 2250,175 2.237,634 PeTrnanent En(k)wmtht Fulld 1531996 1.557,097 Accvmul*cd Income Ftjnd 718,179 680.5J7 2250.175 2237,634 Approved by the TThsttt* ........ d signtd on their behalf by:_ Chaitllw Trusiee Athni Hall's Exhibition Foundation Notes to the financial statements - 31 March 2023 Accounting polieies The financial statevnents are prepar￿ in accordanc¢ with applicable accounting standards and on the basis that the cl]atity c3n continue to Iyerate as a going concern. The Tn￿leeS beliciTe this b8SiS to be appropriatc &$ the Foundation h&% sufficient fim(Ls available to finance its operations for the foreseeable flltt￿e. The financial statements of the chatity, which is a public bcnefii entity under FRS 102. have beLn prepdred in accotdancc wIih the Chanties SORP ( FRS 102) ' Accounting and Reporting by Clwities: Stalement of Recommended Praaice applicable to clwities preparing thcit accounts in accordance with the Financial RetK)rting Standard applicable in the UK and Republic of Ireland ( FRS 102) ( effective l January 2015). Financial Reikning Standard 102 . The Financial Reporting Standard applicable An the UK and RepubliL of trcland" and the Ch2ritiCS Aci 2011. Th¢ financial statemcnts havc been prepared under thc kn"storical cost conventioD with th¢ cxcq)tt"on of invcsttnents which are included at markct value. as modified by the revaluation of certain &￿ts. iiii) Investhlent gains and losses inCl￿e any gaill or loss on the sale of investments and any gain or loss resulting from revaluing investtnenL8 to niarket value at the end ofthe year. iv Investments quoted on a T(wgniscd stsKk cxchangc arc valu¢d at mark¢t value at thc y￿r end. All iucome is recognised in the Statement of Financial ALtivities once the charily has etltitlement to the funds" it is probable that the income will be received atKi the amount can be measured reliably. vi) Liabilitiei are rccogniscd &5 ex￿dIture as soon as there is a legal oi conslruct1￿C obligation commitlino the chartly 10 that expcndilure. it is probable that a transfer of economic benefils will be required in settIc￿ent and the amount of ihe obligation can be mLasured ieliably. EX￿ndit￿re is accountcd for on an accruals basis and has been classified under hcadings that aggregate 211 cost related to the category. Investments B￿kV•￿t l April 2D22 Purclw Book valtye Marke¢ value vslue Change 31 March 2023 31 M#rth 21123 31 M*reh 2022 in wear Pern￿ne￿I Ettdowrn￿t Clmnnco Chan"share 52.682 628.215 52.682 628.215 38.864 1.797J73 45.462 (6.598) 1.815,876 (18.503) (25.101) IntDme AccumthtioDS Charirtco Charishare 33.747 77.652 39,475 78,451 30.(MN> (5.728) 17()91 30.(KKI 750.897 750397 1.947.636 1.979264 {6527} Pr¢vivus year 750,81yI 750.897 1.979.264 1,851206 128,058 Thc book value of Investments at 31 March 2023 represents thc Ma￿¢t valmc at March 1985 with subsequent additions at cosL In addition to the above fixed asset illv&stments, thc Foundation owns the SDetii5ham CaTrstone ()thrry and the Surrounding land whTch atose from the benefactors donation m￿Y years ago. It is not po&siblc to plaL"c a mrtet value on the quarry as the TnLgtees have no intenlion of disposing of il and. in any case. disposal would rcquirc Charity Commi&%ioii approval. IT] view of this, and ihc unusual nature of the &8SCt, a forn]al vah￿l0￿ is not considered practi￿ or meaningful. Col￿equent1Y the quarry is not shown in the balance shcet. Permanent Endowment Fund 2023 2022 Balance btought forward Is57.￿7 1.431,432 125.101) 125.665 B¥lxnce earritd forward 1.531.996 1557.097 Accumulated Income Fund BalaTtce brought fonward 680.537 Net movemcnt in fillKls f￿ the year 37.642 BalaDce canied forward 71&179 Hall's Exhibition Foundatio Independent examiners, report We report on the accounts of the TnLSt for the year amknj 31 March 2023 which aTe set out on pages 3to6. RespeC1t￿ responsibilities oftrustses and examiner The charity's trustees are rcsp)nsible for the p)reparatioD of the accoun￿ The chaTity'S trllstees consider that all audit is rrf)t required for this year (ullder section 144(2) of the Clwities Act 2011 (the 2011 Act), and that aD indq*ndent examin*ii)n is neede It is our responsibility to- examine the accounts (under section 145 of the 2011 ACL to follow the proccdures laid dowll in the General DircctioDS given by the Charity Commissioners (undeT section 145(5)(b) of the 2011 ACL and to state whether particular matter5 have come to our attention. Basis ofindependenl examiner¥'report My exatmnaiion was carried out in ￿)rd￿Ce with the Genctal Dircctions givcn by thc ChI￿1ty Commi&8ioners. An examitLation includes a review of the accounting I￿OrdS kept by the charity and a compatison of the accounts piesented with those tecords. It also includes consideration of any unusual items or disclosures in the accounts. and the sccking of explanations from you as t￿SteeS concerning ally such matters. Thc prOC￿ll[eS undertaken do not provide all the evideDce that would be rcquired in an audii an& consequentty. we do not express an authi opinion on the view givcn by the accounts. Independent ￿lnerS'$IdteMe￿È In connection with our examinatiory no mattet has corne to our attetrtion" (i) which gives us reasonable cause to believe thaL in ally matctial respecL the trus"te¢x have not met the requiremcnts to ensure that: proper accounting records are kept (in accordance with s41 of the Act): and accounts are prepatcd which agree with the accountillg records and to comply with the accounting requiremcnts of the ACL or to whiclL in our optnion, attention should be drawn Ill order to enable a proper understsndillg of the dLcounts to be reache (2} J W Hall FCA FCCA mapu5￿MIth & Lemmon LLP C.harteTed AccouT]Vdnts 48 King Street King'b Lynn Norfolk PE30 IHE **Hall's Exhibition Foundation** ## **Independent examiners' report** We report on the accounts of the Trust for the year ended 31 March 2023 which are set out on pages 3 to 6. Respective responsibilities of Trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and diat an independent examination is needed. It is our responsibility to: - examine the accounts (under section 145 of the 2011 Act, - to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act, and - to state whether particular matters have come to our attention. ## _**Basis of independent examiners ' report**_ My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and fre seeking of explanations from you as üustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, we do not express an audit opinion on the view given by the accounts- ## _**Independent examiners statement**_ In connection with our examination, no matter has come to our attention: - (1) which gives us reasonable cause to believe that, in any material respect, the frustces have not met the requirements to ensure that: - proper accounting records are kept (in accordance with s41 of the Act); and - accounts are prepared which agree with the accounting records and to comply with the accounting requirements of the Act; or - (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached, Mapus-Smith & Lemmon LLP Chartered Accountants 48 King Street King's Lynn Norfolk **----- Start of picture text -----**
J W Han FCA FCCA
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